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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Butte Electric Cooperative Inc.

Butte Electric Cooperative Inc.

Fiscal year ending 2024. Filed on June 12, 2025.

PO Box 137
Newell, South Dakota 57760

Butte Electric Cooperative Inc. (EIN: 46-0115942) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Butte Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 2 out of 28 total employees. Among the employees shown here, the average compensation is $211,197. The highest compensated employee at Butte Electric Cooperative Inc. is Matthew Sleep with fiscal year 2024 compensation of $234,617.

Revenue, expenses, and employee compensation

Revenue

$10,549,791

Expenses

$8,762,491

Employee compensation

$2,393,450
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Matthew Sleep
Chief Executive Officer
$234,617
$195,300 No related comp$39,317
Brett Fosheim
Operations Manager
$187,777
$135,339 No related comp$52,438

Benchmark Employee Compensation

Non-Employee Board Members

Travis Schenk
Treasurer
$18,197
$18,197 No related compNo other comp
Steve Smeenk
Director
$12,895
$12,895 No related compNo other comp
Paul Winkler
Director
$11,641
$11,641 No related compNo other comp
Thomas Brunner
Secretary
$11,001
$11,001 No related compNo other comp
Cris Miller
President
$10,000
$10,000 No related compNo other comp
Dan Marrs
Vice President
$9,242
$9,242 No related compNo other comp
James Mortenson
Assistant Secretary
$8,431
$8,431 No related compNo other comp
Chandy Olson
Director
$7,991
$7,991 No related compNo other comp
Dan Hefner
Director
$7,624
$7,624 No related compNo other comp

Contractors

Cable Communications Services LLC
Contract Labor
$686,826
Blue Sky Tree CO
Contract Labor
$133,417
Altergott Forestry
Contract Labor
$104,225

Mission Statement

THE MISSION OF BUTTE ELECTRIC COOPERATIVE IS TO CONTINUALLY IMPROVE CUSTOMER SERVICES; PROVIDE SAFE, RELIABLE, AND COMPETITIVELY PRICED ELECTRICITY; AND CONTINUE TO LEAD IN DEVELOPING OUR COMMUNITIES FOR THE BENEFIT OF OUR MEMBERS.

Revisions to this organization profile

June 12, 2025:
2024 Butte Electric Cooperative Inc. 990 filed
September 11, 2024:
2023 Butte Electric Cooperative Inc. 990 filed
August 1, 2023:
2022 Butte Electric Cooperative Inc. 990 filed

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